Convert Mexican Peso to Nigerian Naira
Please provide values below to convert Mexican Peso [MXN] to Nigerian Naira [NGN], or Convert Nigerian Naira to Mexican Peso.
How to Convert Mexican Peso to Nigerian Naira
1 MXN = 0.0121801559270581 NGN
Example: convert 15 MXN to NGN:
15 MXN = 15 × 0.0121801559270581 NGN = 0.182702338905871 NGN
Mexican Peso to Nigerian Naira Conversion Table
| Mexican Peso | Nigerian Naira |
|---|
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.